Inpex (OTCMKTS:IPXHY) Shares Gap Down – Here’s What Happened

Inpex Corp. (OTCMKTS:IPXHY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $23.15, but opened at $21.54. Inpex shares last traded at $21.54, with a volume of 2,244 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on IPXHY shares. Sanford C. Bernstein upgraded shares of Inpex from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Nomura upgraded shares of Inpex to a “hold” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Inpex Trading Up 5.2%

The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The company has a market cap of $26.92 billion, a PE ratio of 10.76 and a beta of 0.12. The business’s 50-day simple moving average is $25.94 and its 200-day simple moving average is $23.42.

Inpex (OTCMKTS:IPXHY) last issued its earnings results on Wednesday, May 13th. The company reported $0.60 EPS for the quarter. Inpex had a return on equity of 7.55% and a net margin of 19.02%.The firm had revenue of $3.20 billion for the quarter.

Inpex Company Profile

INPEX is a Japan-based energy company primarily engaged in the exploration, development, production and sale of oil and natural gas resources. The company’s activities span upstream exploration and field development, midstream project execution — notably liquefied natural gas (LNG) facilities — and related resource management and commercial operations. INPEX’s portfolio includes conventional and unconventional hydrocarbon assets and associated engineering and project-management expertise to bring complex developments into production.

INPEX is known for participation and leadership in large-scale LNG projects, including the Ichthys LNG development off northern Australia, which represents a core midstream and export capability in the company’s business mix.